NORTH AMERICA PLASTIC STRAP MARKET RD
North America Plastic Strap Market Forecast to 2027 – Covid-19 Impact and Regional Analysis by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps), End Use (Fiber, Steel, Cotton, Paper, Bricks & Tiles and Others) and Country
Pages: 111
Market Introduction
Plastic strap refers to a widely used packaging material. It is used for various purposes, including strapping and bundling. The plastic strap is less expensive as compared to the steel straps, which makes it more suitable for usage by the industries and customers. High strap tension, good impact resistance, low friction, and no rusk marks on products are some of the common attributes of the plastic strap. The minimum breaking strength is the vital characteristic of the plastic strap. The polypropylene and polyester strap are the most commonly used plastic straps. The choice of correct strapping is highly dependent on the implementation and equipment being used.
Market Overview and Dynamics
The North America plastic strap market is expected to reach US$ 573.78 Million in 2027 from US$ 1,879.95 Million in 2019. The market is anticipated to grow at a CAGR of 16.2 % from 2020 to 2027. Factors driving the market growth include rising preference for lightweight and low-cost strapping types and growing demand in key markets such as US and Canada. However, environmental pollution and waste management is likely to have a negative impact on the market growth.
Effect of covid-19 on North America Plastic Strap Market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. The US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The polypropylene strap segment accounted for a larger share of the North America plastic strap market, by type, in 2019. The paper segment accounted for a larger share of the North America plastic strap market, by end use, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the North America plastic strap market include Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Polychem Corporation, PAC Strapping Products Inc., Dubose Strapping Inc. and Crown Holdings Inc.
Reasons to buy the report
North America Plastic Strap Market Segmentation
By Type
By End Use
Company Profiles
By Country
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,879.95 Million |
| Market Size by 2027 | US$ 573.78 Million |
| CAGR (2020 - 2027) | 16.2 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Plastic Strap Market is valued at US$ 1,879.95 Million in 2019, it is projected to reach US$ 573.78 Million by 2027.
As per our report North America Plastic Strap Market, the market size is valued at US$ 1,879.95 Million in 2019, projecting it to reach US$ 573.78 Million by 2027. This translates to a CAGR of approximately 16.2 % during the forecast period.
The North America Plastic Strap Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Plastic Strap Market report:
The North America Plastic Strap Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Plastic Strap Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Plastic Strap Market value chain can benefit from the information contained in a comprehensive market report.
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